Japanese Bitcoin investment company Metaplanet launches a $5.4 billion financing plan, stock price rises by 22%

ChainCatcher news, Japanese Bitcoin investment company Metaplanet plans to raise approximately $5.4 billion and increase its Bitcoin reserves, which have reached $1 billion, leading to a significant rise in the company's stock price on Monday.

Metaplanet announced a stock acquisition rights plan on Friday, reportedly the largest of its kind in the history of the Japanese capital market. Metaplanet expects to accumulate 210,000 Bitcoins by the end of 2027, which is several times the current holding of 8,888 coins. Metaplanet's stock rose 22% in Tokyo on Monday morning, experiencing significant volatility since the company shifted towards cryptocurrency at the beginning of 2024.